Maiden Holdings Ltd | 6.700% Non-Cumulative Preference Shares, Series D (MH.PRD)
This preferred is marked as having been called.
Prospectus excerpt: Maiden Holdings, Ltd. is offering 6,000,000 shares of its 6.700% Non-Cumulative Preference Shares, Series D, $25 liquidation preference per share (the ÙSeries D Preference Sharesˆ). Holders of Series D Preference Shares will be entitled to receive dividend payments only when, as and if declared by our Board of Directors or a duly authorized committee of the Board. Any such dividends will be payable from, and including, the date of original issue on a non-cumulative basis, quarterly in arrears on the 15th day of March, June, September and December of each year (each, a Ùdividend payment dateˆ), commencing on September 15, 2017, at an annual rate of 6.700%. Dividends on the Series D Preference Shares are not cumulative. Accordingly, in the event dividends are not declared on the Series D Preference Shares for payment on any dividend payment date, then those dividends will not accumulate and will not be payable. If we have not declared a dividend before the dividend payment date for any dividend period, we will have no obligation to pay dividends for that dividend period, whether or not dividends on the Series D Preference Shares are declared for any future dividend period.
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Maiden Holdings is a holding company. Short-term income protection business is written on a primary basis by Co.'s subsidiaries Maiden Life Forsakrings AB and Maiden General Forsakrings AB in the Scandinavian and Northern European markets. Co.'s business consists of two reportable segments: Diversified Reinsurance and AmTrust Reinsurance. Co.'s Diversified Reinsurance segment consists of a portfolio of predominantly property and casualty reinsurance business focusing on regional and specialty property and casualty insurance companies located primarily in Europe. Co.'s AmTrust Reinsurance segment includes all business ceded to Maiden Reinsurance Ltd. by AmTrust Financial Services, Inc. Preferreds: MH.PRA, MH.PRC, MH.PRD Open the MHLD Information Page » |
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